Post by Franko10 ™ on Sept 11, 2004 14:27:47 GMT -5
News Release
April 16, 1999
The Company is pleased to announce that Mr. Jim Blair of Vancouver, B.C. has been appointed to the Board of Directors. Mr. Blair graduated in law in l969 and practiced in the profession until the early l980's. Since the late l970's, Mr. Blair has actively pursued mining interests in numerous areas of the United States. He has direct experience managing and financing mineral properties from the grass roots stage up to and including production. Bringing this added dimension to the Board will complement the technical and financial expertise that is now present.
Current market conditions indicate that it is the right time to accelerate the development of mineral properties and to evaluate new opportunities. It is the Company's intention to update shareholders on the current status and future plans of each of the currently held properties in the near future.
The Company also wishes to announce the repricing of 750,000 Incentive Stock Options granted to Directors and Employees of the Company under the Company Option Plan as approved by shareholders on June 30, 1997, from $0.30 per share to $0.15 per share. The expiry dates of the Incentive Stock Options will remain unchanged. The Company also announces a further issue of 400,000 Directors and Employees Incentive Stock Options at a price of $0.15 for a period of five years. These transactions are subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS OF SHANE RESOURCES LTD.
Rick Walker
President
The Vancouver Stock Exchange has neither approved nor disapproved the contents of this news release.
April 16, 1999
The Company is pleased to announce that Mr. Jim Blair of Vancouver, B.C. has been appointed to the Board of Directors. Mr. Blair graduated in law in l969 and practiced in the profession until the early l980's. Since the late l970's, Mr. Blair has actively pursued mining interests in numerous areas of the United States. He has direct experience managing and financing mineral properties from the grass roots stage up to and including production. Bringing this added dimension to the Board will complement the technical and financial expertise that is now present.
Current market conditions indicate that it is the right time to accelerate the development of mineral properties and to evaluate new opportunities. It is the Company's intention to update shareholders on the current status and future plans of each of the currently held properties in the near future.
The Company also wishes to announce the repricing of 750,000 Incentive Stock Options granted to Directors and Employees of the Company under the Company Option Plan as approved by shareholders on June 30, 1997, from $0.30 per share to $0.15 per share. The expiry dates of the Incentive Stock Options will remain unchanged. The Company also announces a further issue of 400,000 Directors and Employees Incentive Stock Options at a price of $0.15 for a period of five years. These transactions are subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS OF SHANE RESOURCES LTD.
Rick Walker
President
The Vancouver Stock Exchange has neither approved nor disapproved the contents of this news release.